Remuneration policy, Treasury shares transfer, TVR

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n \n \n RNS Number : 2652E\n Globalworth Real Estate Inv Ltd\n 26 February 2020\n  \n \n \n \n The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this information is considered to be in the public domain.\n \n \n  \n \n \n 26 February 2020\n \n \n Globalworth Real Estate Investments Limited \n \n \n (\"Globalworth\" or the \"Company\")\n \n \n Group remuneration policy, Transfer of shares out of treasury, TVR\n \n \n  \n \n In accordance with the new Group remuneration policy as announced on 13 June 2019, and on the recommendation of the Remuneration Committee, the Board has resolved to approve the Annual Variable Fee proposal for Globalworth Investment Advisers Ltd (\"GIAL\"), a wholly-owned subsidiary of the Company, and the annual bonus proposal for senior Group employees for the year ended 31 December 2019. \n \n  \n \n \n In connection with the above, the Company will transfer 84,516 Ordinary Shares currently held in treasury to GIAL at a price of €9.30 per share. These shares \n will vest in three equal annual instalments from the date of this transfer and will be subject to further conditions as per the Group remuneration policy. \n \n \n  \n \n \n Once vested, the recipients of these shares will be \n GIAL's preference shareholders (including \n the Executive Directors of the Company) \n and other employees. \n The Notification of Dealing in accordance with the requirements of MAR in relation to transactions by persons discharging managerial responsibilities will be made when required.\n \n \n  \n \n \n Following the above, the Company holds \n 416,261 \n Ordinary Shares in treasury. The total number of Ordinary Shares in issue excluding shares held as treasury shares is\n \n 221,990,826, and this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure and Transparency Rules as reflected in the Company's articles of incorporation.\n \n \n \n  \n \n \n For further information visit ...

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